Immediate Survival or Long-term Growth? The Case of an Indian Organization:
TL;DR: In this article, the authors describe how a state government-owned enterprise in India deteriorated from glory to survival at stake, and a crisis team was set up by the government to revive the company.
Abstract: The case describes how a state government-owned enterprise in India deteriorated from glory to survival at stake. The company, a monopoly market leader once, faced stiff competition in the post-globalization era. Mismanagement, unhealthy work culture, disruptive union activities, outdated product and technology, and a strong inertia towards change resulted in exorbitant loss leading to questions on its sustainability. A crisis team was set up by the government to revive the company. The team faced a dilemma about whether to focus on short-term survival strategies or on long-term growth due to scarcity of funds in designing the turnaround blueprint.
"Immediate Survival or Long-term Gro..." refers background in this paper
...AEML appears to be in stage two of the turnaround process (Chowdhury, 2002), that is, response initiation....